Official:Amending the Ordinance approved July 12, 1968, as last amended December 21, 2011, relating to pension benefits for employees working on behalf of Philadelphia Gas Works by revising the Philadelphia Gas Works Pension Plan to incorporate amendments thereto, clarify the operation thereof, and add certain provisions as required by the Internal Revenue Code of 1986, as amended.
Sponsor: Councilmember O'Brien
Introduced: June 6, 2013
Signed: June 12, 2014
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill makes adjustments to the pension plan for Philadelphia Gas Works employees, ensuring it complies with federal regulations and making some changes to how benefits are calculated.
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